4SUBSEA AS: årsregnskap 2023 vs 2022
Grew 1464% on revenue, stronger earnings
approved 2024-06-25; registry 2024-07-30; journal 2024 605311
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 4SUBSEA AS. Revenue 209.29m NOK → 3.27bn NOK (+1463.8%). Net result +7.11m NOK → +14.41m NOK. Equity 98.34m NOK → 112.90m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved; headcount (årsverk) changed. All figures are taken from the published annual accounts for 4SUBSEA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 209.29m NOK to 3.27bn NOK (+1463.8% YoY). Calculated
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Operating result improved
Operating result +7.00m NOK → +12.57m NOK (op. margin 3.3% → 0.4%). Calculated
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Net result improved
Net result +7.11m NOK → +14.41m NOK (net margin 3.4% → 0.4%). Calculated
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Equity strengthened
Book equity 98.34m NOK → 112.90m NOK (equity ratio 64.7% → 48.3%). Calculated
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Owners injected capital
Paid-in equity rose 28.25m NOK → 28.39m NOK (+137.1k NOK). Reported fact
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.66× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 5.10bn NOK → 5.13bn NOK (2437% → 157% of revenue). Calculated
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COGS moved
COGS / varekostnad 42.78m NOK → 63.08m NOK (+47.4% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 94 → 0. Reported fact